Tag: Donald Trump

November 17, 2024

President-elect Donald Trump has appointed Chris Wright, CEO of Liberty Energy, as his choice for Secretary ...

Crypto

Global Crypto Market Surges Past $3 Trillion on Hopes for Trump-Fueled Growth

November 15, 2024

The global cryptocurrency market has reached an unprecedented value of over $3 trillion, fueled by optimism ...

Business

Federal Agents Raid Polymarket CEO’s New York Home

November 14, 2024

In an early-morning raid on Wednesday, federal agents seized the phone and electronics of Shayne Coplan, ...

Business

Trump Administration Eyes Pro-Crypto Appointments, Aiming to Make U.S. “Crypto Capital of the Planet

November 13, 2024

In a bold move toward establishing a pro-cryptocurrency stance, U.S. President-elect Donald Trump is reportedly considering ...

Business

Elon Musk Appointed to Lead ‘Department of Government Efficiency’ in Trump’s New Cabinet

November 13, 2024

In a move signaling his commitment to reducing government spending and regulatory oversight, U.S. President-elect Donald ...

In a sweeping policy change unveiled Tuesday, U.S. Commerce Secretary Howard Lutnick announced that vehicles composed of at least 85% domestically produced parts will be fully exempt from newly introduced tariffs on automobiles. The move is being hailed as a push to bring automotive manufacturing back home—but it also raises eyebrows over who benefits. As of now, only three vehicle models qualify under this high domestic content threshold. All of them are Teslas. Tesla Stands Alone According to 2024 data from the Kogod School of Business at American University, Tesla is the only automaker to have models meeting or exceeding the 85% domestic content threshold. This essentially means Tesla escapes the new tariffs unscathed, while other automakers, even American giants like Ford, fall short. Here’s a breakdown of the Top 10 U.S.-market vehicles ranked by domestic content: Rank Make Model Total Domestic Content 1 Tesla Model 3 Performance 87.5% 2 Tesla Model Y Long Range 85.0% 2 Tesla Model Y 85.0% 3 Tesla Cybertruck 82.5% 4 Ford Mustang GT AT 80.0% 4 Ford Mustang GT 5.0L 80.0% 4 Ford Mustang GT Coupe Premium 80.0% 4 Tesla Model S 80.0% 4 Tesla Model X 80.0% 5 Honda Passport AWD 76.5% Tariff Breakdown: Winners and Losers Under the new rules: The base import tariff is set at 10%. A steep 25% tariff will apply to most foreign-made vehicles and parts. Automakers with vehicles over 85% U.S. content are completely exempt. A rebate program will be offered for two years to help automakers adjust—but it won’t offer permanent relief. For Tesla, the exemption means simplified logistics, no regulatory hiccups, and potentially lower prices for American consumers. For others, particularly Ford and Honda, the difference of just a few percentage points in domestic content could cost millions in added tariffs—or force complex supply chain restructuring. Critics Cry Foul: “A Tesla Carve-Out?” Industry analysts and some lawmakers are calling the policy a “de facto Tesla exemption.” While the rule appears neutral on paper, its real-world impact is anything but. “Domestic content rules make sense. But setting the bar so high that only one company qualifies? That’s regulatory favoritism in disguise,” noted one automotive policy analyst. Tesla CEO Elon Musk has been seen frequently in Washington in recent months, often in meetings at the White House. While those visits were initially written off as routine, this policy shift now offers a clearer context. What Comes Next? The White House formalized the new policy via executive order Tuesday evening, accompanied by a fact sheet confirming the content threshold and tariff structure. A more detailed implementation roadmap is expected in the coming weeks. The move may prompt rapid investments in U.S. manufacturing—or provoke international trade tensions. Until then, only Tesla is cruising tariff-free.

Business

Tesla Stock Experience 9% Increase, Adding $300 Billion in Market Value Following Trump Election Win

by Samir Gautam

November 12, 2024

Tesla Inc. is on an extraordinary stock surge, with investors piling into shares of the electric ...

Business

Trump’s Pro-Crypto Stance Promises Major Regulatory Shifts

November 12, 2024

As President-elect Donald Trump prepares for his return to office, his administration is set to embrace ...

Taylor Swift’s Tour Becomes a Key Focus in Harris Campaign’s Youth Voter Outreach

Business

Swifties Migrate to Bluesky Following Trump’s Election Win, Citing Harassment and Right-Wing Shift on X

November 10, 2024

Following the 2024 U.S. presidential election, many of Taylor Swift’s devoted fans are abandoning X, previously ...

Bitcoin

SEC Shake-Up Expected as Trump Win Drives Bitcoin, Ether to Record Levels

by Thomas Babychan

November 8, 2024

The recent presidential victory of Donald Trump has sent waves across the cryptocurrency market, propelling Bitcoin ...

Business

Trump Media Shares Drop as Post-Election Excitement Fades

November 8, 2024